Boris Johnson unveils £12 billion plan aimed at creating a Green Industrial Revolution British Prime Minister Boris Johnson has revealed a £12 billion (€13.4 billion) plan to unleash a Green Industrial Revolution across the UK that would accompany the sale of petrol and diesel cars banned from 2030.
Johnson said his 10-point plan would build and sustain 250,000 jobs and would generate over three times as much wealth from the private sector by 2030. Offshore wind – powering homes The Prime Minister aims for foreign wind to be able to power every home by 2030.
This would require power generated by offshore wind to be quadrupled to 40GW within the next ten years. He said this would create 60,000 jobs. Renewable power capacity in the UK was 48.5 GW at the end of the second part of 2020, a 5.4 per cent increase on the past year and with 80 per cent of the increase arising from offshore wind, according to government figures.
Offshore wind was the second biggest source of renewable electricity generation behind bioenergy. Hydrogen – the cornerstone of the carbon-neutral plan The plan aims for 5GW of low carbon hydrogen to be produced by 2030 and for the construction of a town entirely powered by hydrogen. Up to £500 million (€559.3 million) will be invested to achieve those aim of which just under half will go into new hydrogen production facilities.
Hydrogen gas makes up 75 per cent of the world and which does not release any carbon dioxide when used but it is difficult to separate. The European Union has made hydrogen the cornerstone of its aim to become the world’s first carbon-neutral region by 2050 and plans for 430 billion in financing over the next ten years to scale up the hydrogen value chain across the Old Continent.